In 2017, during Trump's first term, Congress passed a 1.4 percent tax on investment income from university endowments that have at least $500,000 per student and at least 500 students— which translates to a minimum endowment of $250 million, although the threshold is larger for bigger universities. Wellesley College economics professor Phillip Levine, in a…
More Stories
Most financial advisors compensated using fee-based models
The movement to fee-based services is being driven by a move from commissions to asset-based fees among wirehouse and broker/dealer channels.
The Iowa state government will be dipping into reserve funds to meet spending obligations in the 2026 fiscal year under the budget passed by lawmakers in 2025— a decision Republican leaders said was accounted for when they approved income tax cuts, but that Democrats said could leave the state in a risky position in the case of economic downturns.
FAIRMONT— Monongah resident Amy Davis is on disability and Medicaid. But with the changes to Medicaid proposed by House Republicans in Washington, it’ s not herself she’ s worried about. The reason Davis is worried about how many hours her daughter can put into work is because House Republicans put forward the strictest work requirements they’ ve ever advanced as…
How insurance riders maximize coverage without breaking budgets
When evaluating different risk management options, insurance riders that offer additional benefits have become increasingly popular.
What do consumers think about the need for long-term care?
We often read about consumers’ need for long-term care, but what do consumers think about the need for such protection?
A blind spot for younger Americans: Prioritizing investing over insurance
The majority of young Americans are placing too much emphasis on building wealth without dedicating enough to protecting those assets.
No one ever accused Donald Trump of knowing much about the economy. That fact comes through loud and clear in his tax cut proposals. These were exempting tips, Social Security, and overtime pay from taxes, and also making the interest on auto loans tax deductible.
Thrivent plans to hire nearly 600 new financial advisors in 2025 for a range of roles across multiple advisory models – from employee to independent – with an emphasis on strengthening and expanding advisor teams.
For the first time, retirement-related challenges topped the list of financial concerns keeping Americans up at night.
Retirement confidence and ‘the great decide’
Americans are on the precipice of huge financial choices as they prepare for retirement – a phenomenon described as “the great decide.”
Almost all workers saving in 401(k) plans (93%) say it is important for their retirement plans to provide options for converting savings into guaranteed monthly retirement income that never runs out, while 87% think employers have a responsibility to help employees achieve retirement income security.
How to make facing retirement alone less stressful
Millions of single Americans will face retirement without a partner, adding financial strain to this significant life transition.
GDP growth slowing but no recession in sight
The Conference Board said this week that the 1.6% projected GDP growth rate is up slightly from the 1.2% growth rate the board predicted in April – when President Donald Trump first announced a broad set of tariffs on trading partners
Gen Z getting serious about finances
Generation Z is beginning to make its mark on the world, and they are proving to be the most serious generation when it comes to finances.
The proposal, which is one piece of a sweeping bill to enact President Trump's domestic agenda, including large tax cuts and increased military spending, omits the structural changes to Medicaid that ultraconservative Republicans have demanded. Republicans have toiled to assemble a number of cuts large enough to meet that goal, which fiscal hawks have…
Brookfield Asset Management touts big first-quarter fundraising
As private equity giants jockey for assets, Brookfield Asset Management staked its claim with a powerful first-quarter performance.
Making the most of Disability Insurance Awareness Month
May is Disability Insurance Awareness Month, time for agents and advisors to raise awareness about the importance of income protection.
–The Guardian Life Insurance Company of America ® has announced that Guardian MarketPerform ®, its Registered Index-Linked Annuity, is now available in New York. First launched nationwide in 2024, Guardian is also introducing additional investment customization options to Guardian MarketPerform. Guardian MarketPerform is a long-term, tax-deferred…
Family says dementia victim was improperly sold annuities
The defendants sold Jay Jacobson $2 million worth of annuities from 2019 and 2023, Joan Jacobson said, with no death benefits.
